CardPlayer Mag wrong again..no 25% holding on tourney wins
 

Card Player Magazine has horrible reporting on any legal or tax issues regarding gaming. Whoever writes these articles must make up crap off the top of their head and not bother to read or check facts regarding the circumstances.

See the below article for an explanation on IRS tournament witholdings.

http://www.pokernews.com/news/2007/1...e-debunked.htm

While Tony G might act like an idiot on TV, he has enough sense to at least hire people who know how to write and check facts.

Re: CardPlayer Mag wrong again..no 25% holding on tourney wins
 

This was a potential bill that didnt pass...it was a risk to poker players though.